Coinbase Executive Salutes Presidential Candidate RFK Jr’s Latest Pro-Bitcoin Comment
Coinbase Chief Product Officer (CPO) Faryar Shirshad praised presidential candidate Robert F. Kennedy Jr. in a recent statement. Shirshad praised RFK Jr, a pro-Bitcoin candidate, for his strong advocacy for creating a crypto-friendly environment in Bitcoin. United States.
Coinbase CPO Praises RFK Jr.
During an interview, Kennedy expressed his desire to make the United States the “most crypto-friendly country” globally. He also announced his pledge to defend “operational freedom.” This stance drew praise from Coinbase’s CPO, who emphasized the importance of “economic freedom” in the digital age.
Quoting Kennedy’s claim on Twitter, the Coinbase CPO praised the candidate’s understanding of the importance of economic freedom. In addition, he echoed Kennedy’s call for action to embrace cryptocurrencies and advocate for policies that help them grow. Kennedy’s statement is also hopeful for the entire Bitcoin community, as he is a staunch supporter of BTC.
Kennedy’s determination to promote a pro-crypto narrative in his presidential campaign resonates with the growing influence and importance of digital currencies in the global economic landscape. Moreover, the Bitcoin advocate wrote to X: “Join me in the fight for transaction freedom and to make the USA the most crypto-friendly country in the world.” What’s more, he stepped up his fundraising campaign in the middle of the race against joe Biden.
Also Read: Coinbase: Recapture Becomes Ethereum’s Second Largest DeFi Sector
RFK Jr Points Out Anti-Crypto Policies
In the interview, Kennedy emphasized that the government under Biden is trying to “destroy” the crypto space. He said regulatory scrutiny and the move to ban crypto acceptance in banks are tools to achieve the goal. Therefore, he is trying to make healing changes because he knows the importance of crypto. Additionally, Kennedy suggested that although Donald Trump supports crypto, the only currency is believed to be the US dollar. That’s why RFK Jr is promoting himself as the “only” pro-cryptocurrency presidential candidate.
Previously, the Biden administration proposed imposing a 30% tax on crypto mining. The “Introduce a Digital Asset Mining Energy Consumption Tax” section of the Fiscal Year 2025 Revenue Proposals includes a proposal to impose a 30% consumption tax on electricity use by digital asset mining companies.
This tax will be phased in over three years, starting at 10% in the first year and increasing thereafter. The rationale behind this tax is the significant energy consumption associated with digital asset mining that can harm the environment. The proposal also highlights the unpredictable nature of mining operations. However, it was met with great backlash from the crypto community and other stakeholders.
Also Read: Historic $2 Billion Bitcoin Moved to Coinbase by US Government
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